Paviter Singh Binning Sells 31,068 Shares of George Weston Limited (WN) Stock

George Weston Limited (TSE:WN) Director Paviter Singh Binning sold 31,068 shares of George Weston stock in a transaction dated Monday, March 12th. The shares were sold at an average price of C$105.85, for a total transaction of C$3,288,547.80.

Shares of George Weston stock opened at C$103.12 on Monday. George Weston Limited has a 52 week low of C$100.62 and a 52 week high of C$125.67.

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George Weston (TSE:WN) last issued its quarterly earnings results on Friday, March 2nd. The company reported C$1.78 EPS for the quarter. George Weston had a net margin of 6.17% and a return on equity of 19.44%. The firm had revenue of C$11.41 billion for the quarter.

The business also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Thursday, March 15th were paid a $0.455 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.82 dividend on an annualized basis and a yield of 1.76%.

A number of brokerages recently weighed in on WN. CIBC cut their price objective on shares of George Weston from C$119.00 to C$115.00 in a research note on Monday, March 5th. Scotiabank dropped their price target on shares of George Weston from C$115.00 to C$111.00 and set a “sector perform” rating on the stock in a research report on Monday, March 5th. Royal Bank of Canada boosted their price target on shares of George Weston from C$137.00 to C$138.00 and gave the stock an “outperform” rating in a research report on Monday, March 5th. Finally, Barclays boosted their price target on shares of George Weston from C$108.00 to C$109.00 in a research report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$119.83.

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About George Weston

George Weston Limited is a holding company engaged in food processing and distribution business. The Company, through its two operating segments, Weston Foods and Loblaw, holds cash, short-term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Weston Foods operating segment includes a fresh bakery business in Canada, and frozen, artisan style bakery and biscuit businesses throughout North America.

Insider Buying and Selling by Quarter for George Weston (TSE:WN)

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